Papaya Global Named to Fast Company's Annual List of the World's Most Innovative Companies for 2023

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Mar 02, 2023, 14:18 ET

The global leader in payroll payments joins the ranks of OpenAI, Disney, Tiffany & Co., and more.

TEL AVIV, Israel, March 2, 2023 /PRNewswire/ -- Papaya Global, the SaaS fintech company providing global payroll and payments technology, has been named to Fast Company's prestigious annual list of the World's Most Innovative Companies for 2023.

This year's list highlights businesses at the forefront of their respective industries, paving the way for the innovations of tomorrow. These companies are setting the standard with some of the greatest accomplishments of the modern world. In addition to the World's 50 Most Innovative Companies, 540 organizations are recognized across 54 sectors and regions.

"Innovation is in our DNA at Papaya. We have entirely upended how global enterprise companies think about payroll. We are the first payroll payments company in the industry to help its clients navigate the needs of the local employee and the global employer. So to be named on Fast Company's impressive list is both humbling and motivating," said Eynat Guez, co-founder and CEO of Papaya Global. "We are inspired to continue creating and changing our industry to make it easier for global companies to support their workforces, despite increasingly complex local hurdles. Our team is dedicated to providing solutions that empower global companies and their employees to thrive, and we're honored to be recognized for that."

Payroll is the biggest expense, liability and commitment that a company has. As remote work and global teams are now here to stay in the new global workforce technology ecosystem, the last few years have seen significant investment in tech to make the complexity of managing global payroll and payments more simple and efficient. Ultimately, however, it seemed that many companies merely piled tech onto their existing systems in an attempt to contend with the new workforce reality.

Papaya Global launched an automated, end-to-end and flexible platform that takes on all that complexity without cobbling together multiple tools and vendors. Papaya is the only company in the industry that has the technology, compliance, infrastructure and partnerships to change how companies deliver global payroll and payments. With this innovative platform, Papaya gave global clients a tool that adapts to their needs rather than the other way around.

In the past year, Papaya acquired Azimo to provide the capability of licensed and regulated cross-border payments in over 160 countries and partnered with JPMorgan, Citibank and others to provide the "banking rails" for a cross-border payments solution within 72 hours. Papaya also partnered with Netsuite, Workday and other enterprise mainstays to bring seamless integration and automation to its clients and enhance their productivity and profitability with more automated services.

The World's Most Innovative Companies is Fast Company's signature franchise and one of its most highly anticipated editorial efforts of the year. It provides a firsthand look at the inspiring and innovative efforts of companies across all sectors.

ABOUT PAPAYA GLOBAL

Papaya Global is a SaaS fintech company providing global payroll and payments technology — the only tech-first payroll software built for global enterprises. Papaya's comprehensive automated solution provides the visibility, speed, and flexibility that finance teams need to control workforce spending. Papaya serves as the brain connecting the dots of global payroll, unifying data streams and integrating with HCM and ERP tools to create a single source of truth. It turns payroll - every company's biggest expense and liability - into a strategic asset.

Papaya's team currently spans Tel Aviv, New York, Austin, London, Kiev, Singapore, and Melbourne. Its technology has been recognized by all leading global analysts, including Gartner, Visa, NelsonHall, and others, as disruptive in the field of global people, payroll, and payments. Papaya was included in the Forbes Cloud 100 and CNBC's Top Startups for the Enterprise.

ABOUT FAST COMPANY

Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with its sister publication Inc., and can be found online at www.fastcompany.com.

SOURCE Papaya Global